New York Times (NYT) Reports Decline in July Revenues

The New York Times Company (NYSE: NYT) announced that in July total Company revenues from continuing operations decreased 10.1% compared with the same month a year ago. Advertising revenues decreased 16.2% and circulation revenues decreased 0.5%.

News Media Group
Advertising revenues for the News Media Group decreased 17.9% mainly because of weakness in print advertising.

The New York Times Media Group – Advertising revenues for The New York Times Media Group decreased 15.3%.

New England Media Group – Advertising revenues for the New England Media Group decreased 24.5%.

Regional Media Group – Advertising revenues for the Regional Media Group decreased 18.1%.

Internet advertising revenues included in the News Media Group increased 0.9% as more moderate growth in display advertising was partially offset by continued weakness in online recruitment advertising.

Circulation revenues for the News Media Group decreased 0.5%.

Advertising revenues at the About Group (which includes the Web sites of About.com, ConsumerSearch.com, UCompareHealthCare.com and Calorie-Count.com) rose 14.6% mainly due to growth in cost-per-click advertising.[SM]

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